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El Rancho Viejo 1919 Lincolnway E

5,837 SF Retail Building Goshen, IN 46526 $1,771,837 CAD ($304 CAD/SF) 7.24% Cap Rate

Restaurants Indiana Goshen 1919 Lincolnway E, Goshen, IN 46526

Investment Highlights

  • Located along the main retail thoroughfare in Goshen
  • Full Access to Lincolnway East (19,510 VPD)
  • Anchoring Menard's Home Improvement Store drew combined 940,000 visits over previous 12-month period (placer.ai)

Executive Summary

Passive Investment opportunity as tenant maintains CAM, Insurance, and building maintenance.
Over 6-years of term remaining with rental increases in 2027.
Strong personal guaranty from experienced restaurant operator.
Rare anchored outparceled Goshen's premier retail corridor.
Upside in develop opportunity at lease expiration.
El Rancho Viejo operates 7 locations throughout northern Indiana and Michigan.

Attachments

metaCRE_OM_El Rancho Viejo

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
5,837 SF
Building Class
C
Year Built
1992
Price
$1,771,837 CAD
Price Per SF
$304 CAD
Cap Rate
7.24%
NOI
$128,231 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
1.41 AC
Opportunity Zone
Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning
Commercial - Commercial
Parking
60 Spaces (9.18 Spaces per 1,000 SF Leased)
Frontage
198 ft on Lincoln Way

Amenities

  • Pylon Sign
  • Signage
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1919 Lincolnway E, Goshen, IN - aerial map view

Nearby Major Retailers

Ponderosa Steakhouse
Starbucks
ALDI
TacoTime
Wings Etc.
Woodforest National Bank
Martin's Super Market (indiana)

PROPERTY TAXES

Parcel Number 20-11-23-251-006.000-015 Improvements Assessment $624,818 CAD
Land Assessment $364,524 CAD Total Assessment $989,342 CAD

PROPERTY TAXES

Parcel Number
20-11-23-251-006.000-015
Land Assessment
$364,524 CAD
Improvements Assessment
$624,818 CAD
Total Assessment
$989,342 CAD
(317) 775-0807

Contact

  • Listing ID: 33598626

  • Date on Market: 2024-10-22

  • Last Updated:

  • Address: 1919 Lincolnway E, Goshen, IN 46526

The Retail Property at 1919 Lincolnway E, Goshen, IN 46526 is currently available for sale. Contact metaCRE for more information.

Retail PROPERTIES IN NEARBY NEIGHBORHOODS

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1919 Lincolnway E, Goshen, IN for sale Building Photo- Image 1 of 4
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El Rancho Viejo | 1919 Lincolnway E
(317) 775-0807 x

El Rancho Viejo | 1919 Lincolnway E

James Cloud

(317) 775-0807

(317) 775-0807

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